Citizen Armor

Citizen Armor

Closed: Apr. 2020

About this raise

Citizen Armor, with a pre-money valuation of $8.6 million, is raising funds on Mr. Crowd. The company manufactures and sells lightweight, flexible, and concealed personal protection products. The products of Citizen Armor are developed using a special formula called Nano-Protek and protect people against active shooters. Citizen Armor was founded by Aaron K Gilbert in May 2017. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $1,000,000, and the funds will be used for online marketing campaigns and recruitment of dealers and distributors. Citizen Armor already has many civilian products in the market and is in the R&D process to develop more. The company generated revenues of $0.36 million in 2017.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Mr. Crowd
Start Date
01/02/2020
Close Date
05/01/2020
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$1

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$8,600,000

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Provo, Utah
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Founder Name
Aaron Gilbert
Title
CEO

Funding data not publicly available

Financials

 Revenue
$287,969
 Monthly Burn
$21,796
 Runway
2.6 months
Gross Margin
53%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$287,969

$362,296

COGS

$135,610

$197,073

Tax

$0

$8,848

 

 

Net Income

$-261,548

$-19,703

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$57,387

$360

Accounts Receivable

$3,837

$0

Total Assets

$1,011,355

$17,455

Short-Term Debt

$1,579,600

$37,158

Long-Term Debt

$0

$0

Total Liabilities

$1,579,600

$37,158

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/01/2020 Mr. Crowd $8,600,000 $0 Equity - Common Not Funded RegCF
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Citizen Armor on Mr. Crowd
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $8,600,000
Price per Share: $1.00

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Warning: according to the close date for this deal, Citizen Armor may no longer be accepting investments.

Citizen Armor Deal Report

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